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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  The Drilling Company of 1972 A/S    DRLCO   DK0061135753

THE DRILLING COMPANY OF 1972 A/S

(DRLCO)
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Drilling of 1972 A/S : Maersk Drilling awarded two-well development contract by Dana Petroleum Netherlands B.V.

10/01/2020 | 01:15am EST

Further, Maersk Drilling and Dana Petroleum Denmark B.V. have agreed to defer the previously announced one-well contract in the Danish sector which was originally expected to commence in May 2020. The updated date of commencement will be determined at a later stage, and the rig to be used is yet to be assigned. Maersk Drilling expects to receive compensation in the form of a deferral fee.

Prior to commencement of the Project Unity contract, the rig to be used will be equipped with a high-efficiency Selective Catalytic Reduction (SCR) system which uses ammonia injection to convert NOx into harmless water and nitrogen, expectedly reducing NOx emissions by up to 98%. The design will include an advanced control interface between engines and SCR units.

'We're happy to add further to our relationship with Dana by drilling these two wells for the Unity gas development project. Operations in the Dutch North Sea come with a strict focus on protecting the environment, and we fully support this as part of our ambition of providing responsible drilling. We already have experience with providing NOx emission reductions by using SCR systems on Mærsk Innovator in the North Sea,' says COO Morten Kelstrup of Maersk Drilling.

Disclaimer

Maersk Drilling A/S published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2020 05:14:07 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 1 041 M - -
Net income 2020 -1 624 M - -
Net Debt 2020 1 036 M - -
P/E ratio 2020 -0,86x
Yield 2020 -
Capitalization 1 377 M 1 377 M -
EV / Sales 2020 2,32x
EV / Sales 2021 2,56x
Nbr of Employees 2 850
Free-Float 48,9%
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Technical analysis trends THE DRILLING COMPANY OF 1972 A/S
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 9
Average target price 31,68 $
Last Close Price 33,34 $
Spread / Highest target 43,0%
Spread / Average Target -4,98%
Spread / Lowest Target -42,7%
EPS Revisions
Managers and Directors
NameTitle
Jørn Madsen Chief Executive Officer
Claus Michael Hemmingsen Chairman
Morten Kelstrup Chief Operating Officer
Christine J. Morris Chief Financial Officer
Brian Nygaard Chief Process & Information Officer
Sector and Competitors